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Idaho Commercial Lease Agreement Form

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Idaho Commercial Lease Agreement Form Page 2
Idaho Commercial Lease Agreement Form
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made at the following address _____________________________________________________________, or at
such other place that Lessor shall designate in writing to Lessee.
B. The rental payment amount for any partial calendar months included in the lease term shall be prorated on a daily
basis.
C. Lessee shall pay the rent when due, without setoff or deduction.
D. In the event that Lessor accepts payment from Lessee for an amount less than the full amount due, such lesser
amount shall be treated as payment on account.
E. In the event that Lessor accepts a check from Lessee for an amount less than the full amount due, and such
check contains an endorsement or statement thereon that such lesser amount is payment in full, such endorsement
or statement shall be of no force or effect, and Lessor may accept and negotiate such check without prejudice to any
other rights or remedies which Lessor may have against Lessee.
5. Security Deposit.
A. At the same time as Lessee pays the first rental installment, Lessee shall deposit with Lessor a "Security Deposit"
in the amount of ____________________________ Dollars ($ _________). Lessor shall hold such funds, in
compliance with the laws of the State of Idaho, as security for the full faith and performance by Lessee of all the
terms, covenants, and conditions of this Idaho Commercial Lease. Lessor shall apply such funds to all damages and
expenses allowed by the laws of the State of Idaho, and shall return such funds, or such portion of said funds as are
not applied to damages and expenses, to Lessee at the end of this Idaho Commercial Lease, all in accordance with
the laws of the State of Idaho.
B. In the event Lessor sells the property made the subject of this Idaho Commercial Lease, Lessor shall transfer
Lessee’s security deposit to the purchaser of the property, who shall hold the security deposit under the terms of this
Idaho Commercial Lease, and Lessor shall be released from all liability for the return of such security deposit to
Lessee.
6. Landlord’s Lien.
A. Lessee acknowledges that Lessor has the right, to the full extent allowed by Idaho law, to hold and sell with due
legal notice all property on or to be brought on the leased premises in order satisfy unpaid rent, expenses, and
utilities.
B. Lessee shall not remove, cause to be removed, or allow to be removed, any property brought onto the leased
premises, other than in the ordinary course of business, so long as Lessee is in default in the terms of this Idaho
Commercial Lease.
7. Late Charges.
Lessee shall pay to Lessor a late charge in the amount of ______________________ Dollars ($ _________) if
Lessor has not received the full amount of rent due within _____ days after the date any rent installment is due.
8. Use of Premises.
A. At such time as Lessee occupies the leased premises, or installs fixtures, facilities, or equipment, Lessee shall be
deemed to have accepted the leased premises and to acknowledge that the leased premises are in the condition
required by this Idaho Commercial Lease.
B. Lessee acknowledges that Lessee has examined and knows the condition of the leased premises, and has
received the same in good order and repair.
C. Lessee agrees:
1) To use the leased premises only for the following purposes:
Idaho Commercial Lease Agreement Form